Tuesday, June 23, 2015

Ambition Mica IPO to open on June 23rd

Ambition Mica Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 1,074,000 Equity Shares of Rs 10/- each aggregating Rs. 4.3 Crore. The price for the issue has been fixed at Rs 40 per share.

Ambition Mica is one of the leading manufacturers of mid segment decorative laminates and door skins. They market laminates under brands like Antique, Art Lam, Antique Aurum, Antique Colourcore and Antique Natural Wood. They also market door skin under brand name Beautique, Texas, Micro Touch, Antique Natural Wood and Door Touch.

The issue opens on Jun 23, 2015 and closes for subscription on Jun 30, 2015. The equity shares of the issue are proposed to be listed on the SME Platform of BSE.